Savy Spenders In Michigan, Website Says

Michigan is the ninth most money-savvy state in the country, according to a new study from Gobankingrates.com.

The ranking is based on several factors tied to financial health, such as residents’ use of banking services, their saving and investing behaviors, and the availability of statewide financial education policies.

Number one is North Dakota. Ranking last is Mississippi.

Gobankingrates.com found the southern region of the country tends to lack the resources needed for residents to take an active role in their financial well-being.